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Children's Accounts

We’ve been a good place for savings for many generations since 1853, this includes the latest generation too.

Today, we have a range of accounts for our youngest customers from our Children’s Saver to our Junior Cash ISA. You can open any Children's Saver or Junior Cash ISA in branch or by post with just £1, or transfer an existing Child Trust Fund to Skipton from another provider.

Please see below our children's savings accounts and their current rates.

Withdrawals Withdrawals permitted
Save from £1
Interest rate 1.30% gross pa/AER variable
Ways to apply
Withdrawals Withdrawals or closure by child permitted once they are 18
Save from £1
Interest rate 2.00% tax-free pa/AER variable
Ways to apply
Withdrawals Withdrawals or closure by child permitted once they are 18
Save from £1
Interest rate 2.00% tax-free pa/AER variable
Ways to apply
Account Name Withdrawals Save from Interest rate Ways to apply
Children's Saver Issue 5 Withdrawals permitted £1 1.30% gross pa/AER variable
Junior Cash ISA Issue 5 Withdrawals or closure by child permitted once they are 18 £1 2.00% tax-free pa/AER variable
Child Trust Fund Issue 4 Withdrawals or closure by child permitted once they are 18 £1 2.00% tax-free pa/AER variable

AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. All ISA and Child Trust Fund interest is paid tax-free, which means it’s exempt from income tax. We pay all non ISA savings interest gross, which means no tax is deducted. It’s your responsibility to pay any tax due, based on your individual circumstances. Tax rules may change in future.

Please be aware that products can be withdrawn at any time and without notice.

Our expert says

Whether you want to give your children or grandchildren a head start with saving, or teach them about money, our range of children’s accounts are specially designed for the needs of little savers.

Kris Brewster, Head of Products

If you've got questions, we've got the time to help

Savings Calculator

It only takes a few seconds to find out how much you could save over a period of time and how much interest you could earn with our handy savings calculator.

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Talk to us

Either in Branch or via Video Appointment, a financial review is a great way to check whether your savings plans are on track.

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Branch Finder

If you're interested in any of our branch-based accounts, you can search for your nearest branch using our Branch Finder tool.

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Financial Services Compensation Scheme

Your eligible deposits with Skipton Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme.

Learn more about the FSCS

FSCS - Protecting Your Money

*To help maintain service and quality, some telephone calls may be recorded and monitored.

Site intended for UK residents only. Skipton Building Society is a member of the Building Societies Association. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, under registration number 153706, for accepting deposits, advising on and arranging mortgages and providing Restricted financial advice. Principal Office, The Bailey, Skipton, North Yorkshire, BD23 1DN.

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